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Thursday 02 December, 2021

FTSE Russell

BHP Group Plc

RNS Number : 4391U
FTSE Russell
02 December 2021
 

 

 


 

 

BHP Group Plc (UK) and BHP Group Ltd (Australia): Unification of Share Structure 

Informative Notice

02 December 2021

 

FTSE Russell notes the announcement from BHP Group in relation to the simplification of its corporate structure whereby BHP Group Plc and BHP Group Ltd will unify to create a single legal entity. Shareholders in BHP Group Plc (UK, BH0P3Z9, FTSE 100 Index, GEIS Large Cap) will receive one share in BHP Group Ltd (Australia, 6144690, GEIS Large Cap) in exchange for every share held.  BHP Group Ltd is expected to retain its nationality assignment of Australia within the FTSE Russell indices, in accordance   with the   Determining Nationality guidelines .

Subject to shareholder approval and based on the current expected timetable, FTSE Russell anticipates the following treatment:

Wednesday 26 January 2022 (at market close):

Publication of the ranking results for the replacement for BHP Group Plc within its fixed indices (e.g. FTSE 100 Index).

Friday 28 January 2022:

Last day of trading of BHP Group Plc.

Monday 31 January 2022 (from market open):

BHP Group Plc will be deleted from all FTSE Russell indices (including from the FTSE UK Index Series).

The unified BHP Group Ltd will commence trading and will be retained within its existing FTSE Russell indices, with its shares increased in accordance with the unification terms.

FTSE Russell will issue further notices confirming index treatment in due course.

 

Note: FTSE Russell is reviewing the impact to the Australia Domestic Index products and will make further announcements in due course.

 

 

For further information please contact FTSE Russell Client Services at [email protected] or call:

Australia

+1800 653 680

Hong Kong

+852 2164 3333

Japan

+81 3 4563 6346

London

+44 (0) 20 7866 1810

New York

+1866 551 0617

 

 

Alternatively please visit our website at www.ftserussell.com

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